Chapter 3.104
CLAIMS CLEARING FUND
Sections:
3.104.010 Created.
There is created a fund, known and designated as the claims clearing fund, into which shall be paid and transferred from the various departments an amount of money equal to the various claims against the various departments of the city. [Ord. 1050 § 1, 1988.]
3.104.020 Funds transfer.
Whenever it is deemed necessary, the city clerk is authorized, empowered and directed to transfer from the funds of the various departments to the claims clearing fund sufficient moneys to pay the claims against the various departments of the city. [Ord. 1050 § 2, 1988.]
3.104.030 Purpose.
The claims clearing fund shall be used and payments therefrom shall be made only for the purpose of paying any claims against the city. [Ord. 1050 § 3, 1988.]
3.104.040 Warrant issuance.
The city clerk is authorized, empowered and directed to issue warrants on and against the fund in payment of materials furnished, services rendered or expense or liability incurred by the various departments and offices of the city. The warrant shall be issued only after there have been filed with the city clerk proper vouchers, approved by the city council, stating the nature of the claim, the amount due or owing and the person, firm or corporation entitled thereto. All warrants issued on or against the fund shall be solely and only for the purposes herein set forth and shall be payable only out of and from the fund. Each warrant issued under the provisions of this section shall have on its face the words “Claims Clearing Fund.” [Ord. 1050 § 4, 1988.]